Business

Vietnam’s benchmark VN-Index dropped 0.44% to 993.36 points Wednesday. The index closed 4.34 points lower after gaining 11.55 points on Tuesday. Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 36% to VND8.05 trillion ($323.85 million). The VN-30 basket, comprising the 30 largest capped stocks, saw 15 tickers …

A non-stop flight carrying 376 tourists from Almaty International Airport in Kazakhstan landed at Cam Ranh International Airport near Nha Trang on Wednesday, signaling a busy year-end travel season. The passengers, arriving at Cam Ranh airport around 40 km from Nha Trang beach town at 9:50 a.m., comprised mostly Kazak …

The U.S. dollar continues to gain over the Vietnamese dong at unofficial exchange points Wednesday even though commercial banks have lowered its value. It rose 0.24% from Tuesday to VND25,280 on the black market. Vietcombank, however, let the dollar slide 0.02% from its historic peak to VND24,882. ACB lowered the …

The surge in the value of the U.S. dollar has become a big burden for Vietnamese businesses, especially those that rely on imports. Bubble tea chain Gong Cha has been paying millions of dollars more for imports since the beginning of this year with the dong losing 8.6% so far. …

Low-cost carrier Vietjet plans to open its first direct route between Vietnam and Bangladesh in December to boost economic and tourism development. Initially, there will be charted flights between Hanoi and Dhaka, capital of Bangladesh, with a plan to start regular flights in phases based on passenger demand, The Business …

After investing in stocks for four years, Trang deleted a trading application from her phone two months ago, and her securities account with over VND600 million ($24,149) remains untouched. The 30-year-old, an office clerk in a media company in HCMC, says she has blocked contacts with their stock brokers, and …

Vietnam’s largest refinery will run operations at full capacity in the fourth quarter to ensure stable supplies of petroleum products for the domestic market, its owner Nghi Son Refinery and Petrochemical (NSRP) said on Tuesday. The 200,000-barrel-per-day refinery will supply 2.4 million-2.5 million cubic metres of fuel products in the …

South Korean investment company Nextrans plans to launch a US$50-million Vietnam-focused fund in November to take advantage of the country’s booming startup scene. “We will continue investing in early-stage startups in not only emerging sectors such as property technology and financial technology but also seek opportunities in sustainable growth areas …

Since Vietnam reopened its borders and resumed pre-pandemic visa policies in March, it has issued 459,000 e-visas. An e-visa costs US$25 and takes three working to be issued, the Immigration Department said. It called on foreigners to visit the official website for e-visa application at evisa.xuatnhapcanh.gov.vn. There has been a …

Several banks sharply increased one- and three-month deposit interest rates to around 6% on Tuesday. A VnExpress survey found that nine out of the country’s 35 commercial banks promptly raised the rates after the central bank increased the cap on interest rates for deposits of up to six months by …